LOS ANGELES--(BUSINESS WIRE)--CBB Bancorp, Inc. (“CBB” or the “Company”) (OTCQB: CBBI), the parent company of Commonwealth Business Bank (the “Bank”), today announced that Linda M. Iannone has been appointed to its Board of Directors, as well as to the Board of the Company’s subsidiary bank. The appointment to each of the Boards is effective as of September 1, 2018.
Ms. Iannone has over 25 years of experience with expertise in financial services, corporate governance, capital markets, mergers and acquisitions, and compliance. Most recently she served as Chief Compliance Officer for Toyota Financial Services. She also served as a board member of its broker dealer affiliate Toyota Financial Services Securities USA Corporation. During Ms. Iannone’s executive career, she also served for nine years as Executive Vice President and General Counsel for Greater Bay Bancorp, an $8 Billion asset financial holding company.
“We are excited to have Ms. Iannone join our board,” said Soon Han Pak, Chairwoman of both the Company and the Board. “Her legal, regulatory, risk management and financial services expertise will be an invaluable asset as the Bank continues its growth and expansion.”
David A. McCoy has announced his plans for retirement and will resign from the Board of Directors of the Company and the Bank effective October 24, 2018. Mr. McCoy had been on the Board of the Directors of the Bank since its founding in 2004, and of the Company since its formation in 2017.
“Mr. McCoy has been a valued member of our Board for fourteen years, helping to oversee our growth from a newly formed bank to over $1 Billion in assets,” said Soon Han Pak. “His contributions will be missed, and we wish him happiness and success in the coming years.”
ABOUT CBB Bancorp, Inc.
CBB Bancorp, Inc. is the holding company of Commonwealth Business Bank, a full-service commercial bank which specializes in small-to medium-sized businesses and does business as “CBB Bank.” The Bank has eight full service branches in Los Angeles, Orange, and Dallas Counties; two SBA regional offices in Los Angeles and Dallas counties; and six loan production offices in the states of Texas, Georgia, Colorado, Utah and Washington.
For additional information, please go to www.cbb-bank.com.